Simple past tense and past participle of devalue.(verb)
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Use "devalued" in a sentence
"I suspect the Tea Party crowd believes that the currency of whiteness has been devalued is SET for THIS time – 2009 – and is driven by Whites who used to wear white robes to HIDE who they are ...."
"Printing more money to devalue the currency and then insisting that people treat the money as if it had not been devalued is generally a bad idea."
"Patriotism: a word devalued by a million halfwits waving plastic Union Flags, who bought a Piccadilly tourist-shop notion of what their country represented."